I agree, it is worth a lot more once they have port access
they are basically derisking the whole project for the buyer so its value is probably more closely aligned to the NPV once they have port access, around $400m I believe (and thats based on conservative Fe prices)
upside now will depend on CAZs participation in future exploration at the project and what they will get for future discoveries
access to Esperence shouldnt be a problem but it will take time, already the timeline to make a decision on the port development seems to be slipping
EPA may come out and announce participation in Stage 2 of the port which may be enough to get the deal over the line....fingers crossed
CAZ Price at posting:
28.0¢ Sentiment: Hold Disclosure: Held
